Civista Bancshares, Inc. (NASDAQ:CIVB) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 271.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,355 shares of the bank’s stock after purchasing an additional 39,000 shares during the period. Prudential Financial Inc. owned 0.34% of Civista Bancshares worth $1,123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Civista Bancshares by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 857,968 shares of the bank’s stock worth $18,052,000 after acquiring an additional 12,746 shares in the last quarter. American Century Companies Inc. increased its stake in Civista Bancshares by 55.0% in the fourth quarter. American Century Companies Inc. now owns 191,316 shares of the bank’s stock valued at $4,025,000 after purchasing an additional 67,889 shares during the last quarter. Summit Global Investments acquired a new stake in Civista Bancshares during the fourth quarter worth approximately $272,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Civista Bancshares by 45.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,161 shares of the bank’s stock worth $950,000 after buying an additional 14,066 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Civista Bancshares by 5.0% in the 4th quarter. Empowered Funds LLC now owns 52,617 shares of the bank’s stock valued at $1,107,000 after buying an additional 2,482 shares in the last quarter. 52.10% of the stock is currently owned by institutional investors and hedge funds.

Civista Bancshares Stock Down 0.3 %

Civista Bancshares stock opened at $18.51 on Monday. The stock has a 50 day moving average of $20.38 and a two-hundred day moving average of $20.42. Civista Bancshares, Inc. has a twelve month low of $13.60 and a twelve month high of $23.70. The stock has a market capitalization of $286.52 million, a price-to-earnings ratio of 9.16 and a beta of 0.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. As a group, research analysts expect that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Civista Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Tuesday, February 4th. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. Civista Bancshares’s payout ratio is currently 33.66%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CIVB shares. DA Davidson set a $27.00 price target on shares of Civista Bancshares in a research note on Friday, January 31st. Stephens reissued an “equal weight” rating and issued a $24.00 target price on shares of Civista Bancshares in a research report on Friday, January 31st. Finally, StockNews.com raised Civista Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.40.

Civista Bancshares Company Profile

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.